Dubai: DP World, and the Government of Senegal, have signed agreements for the development of a deepwater port at Ndayane, approximately 50 kilometres (km) from the existing port and near the Blaise Diagne international airport.
The new port will further reinforce Dakar s role as a major logistics hub and gateway to West and North-West Africa. It will also support the realisation of President, Macky Sall s ambitious economic development plans for Senegal, the Plan Senegal Emergent (PSE).
Extended 50-year concession
The agreement is part of the 50-year concession for the Port of Dakar, which has two 25-year terms. It starts once operations begin at the new port, according to the addendum to the existing concession of 2017.
For illustration only - Credit: Pawinee/AdobeStock
Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.
DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port.
The agreement to build the port was reached after talks between President Mack Sall and DP World Chairman Sultan bin Sulayem and is in addition to existing plans for DP World to develop and operate a 300-hectare container terminal in the Port of Dakar.
DP world and Senegal sign agreement
DUBAI, December 23, 2020 Trade enabler DP World, a global provider of end-to-end logistics solutions, and the Government of Senegal, have signed agreements for the development of a deep-water port at Ndayane. It is approximately 50 kms from the existing port and near the Blaise Diagne international airport. The new port will further reinforce Dakar s role as a major logistics hub and gateway to West and North West Africa, and support the realisation of President Macky Sall s ambitious economic development plans for Senegal, the Plan Senegal Emergent (PSE). DP World s concession for the Port of Dakar, already includes a plan to develop a new container terminal alongside the existing Container Terminal in the Port of Dakar. However, after discussions between Sall and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, it was agreed that it would be more appropriate for Senegal s development to carry out a more ambitious pro
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Global ports operator DP World signed an agreement with Senegal to develop its Ndayane deep-water port, marking the Dubai-based company s biggest port investment in Africa to date.
DP World Dakar will invest a total of $1.1 billion over two phases of the project, which is expected to boost Dakar s position as a major logistics hub and gateway to west and north-west Africa, it said in a statement on Wednesday. This will be DP World s biggest port investment in Africa to date, and is a testament to our commitment to Senegal and belief in its potential for further economic growth, Sultan bin Sulayem, DP World s chairman and chief executive, said. The new port will create jobs, attract new foreign direct investment to the country and enable new trading opportunities that bring about economic diversification.